One Liberty Properties (OLP) Getting Somewhat Favorable Media Coverage, Study Shows
Headlines about One Liberty Properties (NYSE:OLP) have trended somewhat positive recently, according to Accern. The research group ranks the sentiment of news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. One Liberty Properties earned a news sentiment score of 0.17 on Accern’s scale. Accern also assigned news articles about the real estate investment trust an impact score of 45.8341839081704 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
A number of brokerages recently issued reports on OLP. ValuEngine upgraded One Liberty Properties from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. FBR & Co began coverage on One Liberty Properties in a research report on Monday, July 24th. They issued a “mkt perform” rating and a $25.50 price target for the company. Finally, BidaskClub upgraded One Liberty Properties from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. One Liberty Properties currently has a consensus rating of “Hold” and a consensus target price of $24.75.
Shares of One Liberty Properties (OLP) traded down 0.70% during mid-day trading on Tuesday, reaching $23.98. The company had a trading volume of 14,315 shares. The company has a market capitalization of $446.72 million, a PE ratio of 20.32 and a beta of 0.82. One Liberty Properties has a 1-year low of $21.96 and a 1-year high of $25.89. The stock’s 50-day moving average price is $24.10 and its 200 day moving average price is $23.69.
In other news, insider Lawrence Ricketts sold 5,000 shares of the company’s stock in a transaction on Wednesday, June 28th. The stock was sold at an average price of $23.57, for a total value of $117,850.00. Following the transaction, the insider now owns 98,007 shares of the company’s stock, valued at approximately $2,310,024.99. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Justin Clair sold 2,100 shares of the company’s stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $24.06, for a total value of $50,526.00. Following the completion of the transaction, the vice president now directly owns 33,305 shares in the company, valued at approximately $801,318.30. The disclosure for this sale can be found here. Corporate insiders own 8.60% of the company’s stock.
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About One Liberty Properties
One Liberty Properties, Inc is a self-administered and self-managed real estate investment trust (REIT). The Company acquires, owns and manages a geographically diversified portfolio consisting of retail, industrial, flex, and health and fitness properties. As of December 31, 2016, the Company owned 114 properties and participated in joint ventures that own five properties.
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